Captain_Walker

Will Boeing crash - like its planes?

Short
NYSE:BA   Boeing Company (The)
Boeings M737 Max problems are said to be over due to its software fix, according to industry gurus out there. I disagree! Why? This is not a software problem. This is a nightmarish legal problem in the backdrop. Earnings on Boeing are expected to suffer in June-July. Like really - are all the gurus expecting bigger earnings when Boeing is likely to suffer a big hit from its legal troubles? Gurus do all sorts of crazy things.

In the charts I show RSI divergence on the Monthly time frame, and two trend switches on the weekly time frame. The 4H time frame shows an ideal position for a controlled loss (i.e. stoploss). Sure - price could bust north on the 4H but there is nothing to say that it can't go south, except feelings, hope and a bunch of emotion.

Just to be clear, this is not a recommendation to short - even if on Monday if price is right, I'm shorting on 4H or 6H.
Comment: GET READY!

FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus https://youtu.be/NjTdvALChwk ]